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Tag: banking

Posted on 23/05/2020

Covid-19, less deadly than Sars, takes a heavier toll on Hong Kong’s financial markets and economy than the 2003 outbreak

For half a century, Albert Fong Leung-fai has withstood the varying widths of men's suit lapels, survived Hong Kong's journey from British rule to Chinese sovereignty, and weathered the city's ... ( read original story ...)

Posted on 23/05/2020

Bruised Businesses Try to Divine Hong Kong’s Fate Under National-Security Law

Markets faltered and businesses braced for more instability as China set out plans for national-security laws to tighten its control over Hong Kong, piling stress on the global finance hub already ... ( read original story ...)

Posted on 23/05/2020

City Braces for Rallies; Police Issue Warning: Hong Kong Update

Hong Kong police warned protesters against unauthorized marches against China’s plans to impose a sweeping national security law, as the measure drew criticism from the U.S., the U.K. and other ... ( read original story ...)

Posted on 23/05/2020

How growing tensions between Hong Kong, U.S. and China impact markets

Ian Bremmer, Eurasia Group, joins 'Closing Bell' to discuss the ongoing tensions between Hong Kong, U.S. and China and how it could play into the markets. ( read original story ...)

Posted on 23/05/2020

Hang Seng Index falls furthest in five years, with banks and builders leading losses, as Beijing moves to tighten grip on city

The Hang Seng Index capped the biggest decline in almost five years as China’s legislature is set to vote on a security law that will increase Beijing’s control over Hong Kong ... ( read original story ...)

Posted on 22/05/2020

Coronavirus: Hong Kong lawmakers fail to decide on bailout for Ocean Park after concerns raised over HK$3 billion owed to bank

Members of Finance Committee ask why public should foot bill for loan from local arm of Bank of China. Park’s deputy chairman denies any conflict of interest after legislator points out board director ... ( read original story ...)

Posted on 22/05/2020

U.K. Banks Exposed to Hong Kong Fall Amid Political Turmoil

U.K.-listed banks with heavy exposure to Hong Kong slipped as China’s attempt to tighten its grip on the city fueled a political backlash. ( read original story ...)

Posted on 22/05/2020

U.S. Condemns China’s National Security Law: Hong Kong Update

The U.S. condemned China’s plan to enact sweeping national security legislation in Hong Kong, with Secretary of State Michael Pompeo calling the proposal “disastrous” and urging Beijing to reconsider. ( read original story ...)

Posted on 22/05/2020

Hang Seng Index loses over 1,200 points and heads for biggest slump since 2015 as Beijing moves to tighten grip on city

Hong Kong's stocks dropped by the most in seven weeks after Beijing said it plans to pass a security law that will curb secession and sedition in the city, a move that will raise the political risk in ... ( read original story ...)

Posted on 22/05/2020

Global markets fall as China moves to tighten control over Hong Kong

Investors fear move will further heighten tensions between Beijing and Washington ... ( read original story ...)

Posted on 22/05/2020

Why China’s New Security Law Could Spell “The End Of Hong Kong”

Hong Kong has walked a fine line as a semi-autonomous bridge between China and the rest of the world since the handover of the former British colony in 1997. Now, China’s communist rulers have ... ( read original story ...)

Posted on 22/05/2020

Dow Futures Tumble, Global Stocks Slide As China Moves to Tighten Grip on Hong Kong

China will propose sweeping new powers to oversee security in semi-autonomous Hong Kong this week, a move that is likely to add further stress to an already tense relationship with Washington. ( read original story ...)

Posted on 22/05/2020

Tensions over Hong Kong unnerves world stocks, oil tumbles

World stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties. ( read original story ...)

Posted on 22/05/2020

Hong Kong bankers worry that new laws could lead to capital flight

China's plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said. "In some cases w ... ( read original story ...)

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